Not just shiba, but there's a dozen different others I think.
I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
it's okay to choose meme coins for day trading and for quick profit. but at least you have to see the big risk you have to bear yourself when the meme coin will finally run away from you.I tried a couple of them, just to see how they behave in this bear market.
To my surprise one of them was 20% in profit last time I checked ( after about a month ) the other one $50 in profit after one day. Not bad !
But to be honest I don't think I would put any money on Doge or Shiba... they're already far too high in the rankings.. way... way higher than they deserve. The best gains are made when your meme coin is ranked #800 or somewhere around there
i'm not saying meme coins are too bad but everyone knows the dangers of investing in some of those meme coins. maybe you are currently earning $50 in just 1 day, but don't know what will happen once you put more money into the coin. because usually when you get a decent profit from day trading, you will add your money again to buy more coins and hope to get a bigger profit.
one thing you have to remember is to do some serious research before starting trading on some meme coins
Its not surprising that there would be lots of copy cats that we do have in the market because once a coin type had become popular or gets hyped then expect that there would be lots
of similar that would pop in the market and join in the hype and newbies do love on buying randomly. lol